HONG KONG, Jan. 18, 2019 /PRNewswire/ -- Jiayuan International Group Limited ("Jiayuan International" or the "Group"; SEHK stock code: 02768), an established property developer of both large-scale residential and integrated commercial complex projects in China, pointed out that the Group issued a senior note on January 19 and April 26, 2018 respectively, with a total value of US$350 million with a coupon rate of 8.125%. The Group confirmed that the full amount of the same has been repaid.
The Group emphasized that its current financial situation is healthy and its business operation is normal. The Management is full of confidence in the company's future development.
For the 12 months ended December 31, 2018, the Group's contracted sales amounted to approximately RMB 20.108 billion, increased by 94.6% year on year.
About Jiayuan International
Jiayuan International is an established property developer of large-scale residential and integrated commercial complex projects in different major cities in the People's Republic of China ("PRC"). With over 20 years of experiences in property development, the Group develops property projects through comprehensive planning, meticulous quality control, sophisticated operating systems and experienced professional teams to meet the needs of different regions and strengthen the Group's brand image. As of June 30, 2018, the Group has a portfolio of more than 40 property projects in China, covering the cities of Nanjing, Yangzhou, Nantong, Taizhou, Zhenjiang and Suzhou. Since 2016, the Group has taken the lead in entering Guangdong-Hong Kong-Macao Greater Bay Area, and has successively obtained a number of quality projects in Shenzhen, Jiangmen and Macau. In 2018, it established a joint venture company in Hong Kong to formally enter the Hong Kong real estate market; and purchased the quality properties in Shanghai from Mr. Shum Tin Ching, Chairman of the Group, thus enhancing its brand influence in the Yangtze River Delta Region. In addition, the Group also succeeded in expanding its business coverage to key provincial capital cities, including Guiyang and Urumqi. The Group also ventured into countries and regions along the "Belt and Road" initiative, such as acquiring fine and parcels in Cambodia, signifying a new level in the Group's international development.
